Ohio Teachers Basics

  • Established 1919
  • Currently open to new hires
  • Plan covers teachers
  • Plan members not covered by Social Security
  • Multiple employer, cost sharing plan

Assets, Participants, and Benefits

Assets at Year-End, Ohio Teachers, 2001-2019

Fiscal Year Net Assets (billions)
2001 50.1
2002 44.9
2003 44.8
2004 51.4
2005 56.2
2006 62.1
2007 72.9
2008 66.8
2009 50.1
2010 54.1
2011 63.1
2012 60.7
2013 64.7
2014 71.0
2015 70.4
2016 66.3
2017 71.1
2018 73.5
2019 74.1

Source: Public Plans Database

Number of Actives per Annuitant, 2001-2019

Fiscal Year Ohio Teachers US State and Local Pensions
2001 1.7 2.7
2002 1.7 2.5
2003 1.7 2.5
2004 1.6 2.3
2005 1.5 2.2
2006 1.5 2.1
2007 1.4 2.1
2008 1.4 2.0
2009 1.3 2.0
2010 1.3 1.9
2011 1.3 1.8
2012 1.2 1.7
2013 1.1 1.7
2014 1.1 1.6
2015 1.0 1.6
2016 1.1 1.6
2017 1.1 1.5
2018 1.1 1.5
2019 1.1 1.5

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Ohio Teachers, 2001-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2001 9.4 0.0 9.7 9.4 9.4
2002 9.3 0.0 9.9 9.3 9.3
2003 12.6 0.0 11.3 12.6 12.6
2004 12.6 0.7 13.8 13.3 13.3
2005 12.6 0.5 14.4 13.1 13.1
2006 12.5 1.7 14.4 14.2 14.2
2007 12.5 2.6 14.5 15.1 15.1
2008 12.7 0.0 14.0 12.7 12.7
2009 12.4 1.5 14.3 13.9 13.9
2010 12.3 11.4 17.1 23.7 23.7
2011 12.5 12.0 18.3 24.5 24.5
2012 12.2 17.6 20.3 29.9 29.9
2013 12.6 14.4 20.9 27.0 27.0
2014 12.6 1.3 20.1 13.9 13.9
2015 13.2 0.0 20.4 12.5 12.5
2016 13.2 0.0 20.2 10.6 10.6
2017 13.1 0.0 21.2 9.1 9.1
2018 13.1 0.0 22.9 8.9 8.9
2019 13.1 0.0 24.8 8.9 8.9

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Ohio Teachers, 2001-2019

Fiscal Year Ohio Teachers National Data
2001 91.2 91.0
2002 77.4 82.6
2003 74.2 77.3
2004 74.8 78.4
2005 72.8 77.2
2006 75.0 78.0
2007 82.2 80.7
2008 79.1 78.7
2009 60.0 70.1
2010 59.1 66.7
2011 58.8 65.8
2012 56.0 63.3
2013 66.3 63.7
2014 69.3 64.7
2015 69.3 65.1
2016 69.6 63.1
2017 75.1 63.8
2018 75.5 63.6
2019 76.1 64.2

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Ohio Teachers, 2019

Category Percent
Equities 48.7
Fixed Income 20.5
Private Equity 0.0
Real Estate 12.0
Cash 2.6
Other 0.0
Commodities 0.0
Hedge Fund 0.0
Misc. Alternatives 16.2

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Ohio Teachers, 2001-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2001 66.0 19.1 0.0 12.0 1.2 0.0 0.0 0.0 1.7
2002 66.3 18.7 0.0 12.2 0.9 0.0 0.0 0.0 1.9
2003 66.6 16.9 0.0 10.9 3.5 0.0 0.0 0.0 2.1
2004 67.7 18.4 0.0 9.2 2.5 0.0 0.0 0.0 2.2
2005 63.3 21.5 0.0 8.5 4.1 0.0 0.0 0.0 2.6
2006 62.1 22.7 0.0 10.5 1.9 0.0 0.0 0.0 2.9
2007 60.0 22.3 0.0 10.7 3.7 0.0 0.0 0.0 3.4
2008 54.9 20.9 0.0 12.6 6.7 0.0 0.0 0.0 5.0
2009 52.7 20.1 0.0 12.8 5.7 0.0 0.0 0.0 8.7
2010 52.4 23.9 0.0 11.3 5.3 0.0 0.0 0.0 7.0
2011 55.0 19.4 0.0 10.5 6.4 0.0 0.0 0.0 8.7
2012 53.2 18.0 0.0 12.1 5.9 0.0 0.0 0.0 10.8
2013 52.8 20.2 0.0 12.0 4.2 0.0 0.0 0.0 10.9
2014 53.5 20.5 0.0 11.2 2.9 0.0 0.0 0.0 11.8
2015 53.4 19.4 0.0 12.3 2.4 0.0 0.0 0.0 12.6
2016 54.1 15.8 0.0 14.4 1.8 0.0 0.0 0.0 13.9
2017 53.3 18.9 0.0 12.7 1.6 0.0 0.0 0.0 13.5
2018 50.7 19.7 0.0 12.3 1.8 0.0 0.0 0.0 15.5
2019 48.7 20.5 0.0 12.0 2.6 0.0 0.0 0.0 16.2

Source: Public Plans Database


Annual Return as of June 30 for Ohio Teachers, 2001-2019

Fiscal Year Ohio Teachers Assumed return
2001 -2.43 7.75
2002 -8.13 7.75
2003 2.32 8.00
2004 17.70 8.00
2005 12.25 8.00
2006 13.73 8.00
2007 20.73 8.00
2008 -5.44 8.00
2009 -21.66 8.00
2010 13.54 8.00
2011 22.59 8.00
2012 2.34 7.75
2013 13.66 7.75
2014 16.83 7.75
2015 5.45 7.75
2016 0.92 7.75
2017 14.29 7.45
2018 9.57 7.45
2019 7.13 7.45

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Ohio Teachers
2001-2019

Fiscal Year Cash Flow Assets
2001 -1,049.5 50,078.4
2002 -1,159.5 44,882.1
2003 -936.7 44,802.5
2004 -1,076.6 51,411.5
2005 -1,330.7 56,182.5
2006 -1,607.1 62,126.1
2007 -1,884.5 72,935.4
2008 -2,171.2 66,837.4
2009 -2,370.0 50,095.7
2010 -2,596.8 54,140.4
2011 -2,949.5 63,116.7
2012 -3,517.9 60,693.6
2013 -3,971.9 64,706.0
2014 -4,135.5 70,988.7
2015 -4,160.4 70,432.6
2016 -4,544.1 66,250.1
2017 -4,230.0 71,118.7
2018 -4,246.8 73,457.6
2019 -4,129.4 74,096.2

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Ohio Teachers
2001-2019

Fiscal Year Ohio Teachers National Average
2001 -2.1 -0.9
2002 -2.6 -1.5
2003 -2.1 -1.6
2004 -2.1 -0.5
2005 -2.4 -2.0
2006 -2.6 -2.1
2007 -2.6 -2.1
2008 -3.2 -1.9
2009 -4.7 -3.4
2010 -4.8 -3.3
2011 -4.7 -3.2
2012 -5.8 -3.8
2013 -6.1 -3.8
2014 -5.8 -3.4
2015 -5.9 -3.2
2016 -6.9 -3.4
2017 -5.9 -2.9
2018 -5.8 -2.8
2019 -5.6 -2.3

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports

Benefits

Website for Ohio Teachers benefit descriptions.